Vident Investment Advisory LLC raised its stake in shares of XPO Logistics Inc (NYSE:XPO) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,791 shares of the transportation company’s stock after purchasing an additional 6,065 shares during the quarter. Vident Investment Advisory LLC’s holdings in XPO Logistics were worth $4,744,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Advisors Capital Management LLC increased its position in XPO Logistics by 1.4% during the 4th quarter. Advisors Capital Management LLC now owns 43,090 shares of the transportation company’s stock valued at $3,947,000 after purchasing an additional 587 shares during the period. State of Wisconsin Investment Board increased its position in XPO Logistics by 2.5% during the 4th quarter. State of Wisconsin Investment Board now owns 24,335 shares of the transportation company’s stock valued at $2,229,000 after purchasing an additional 598 shares during the period. Sit Investment Associates Inc. increased its position in XPO Logistics by 2.7% during the 4th quarter. Sit Investment Associates Inc. now owns 25,505 shares of the transportation company’s stock valued at $2,336,000 after purchasing an additional 676 shares during the period. Public Employees Retirement Association of Colorado increased its position in XPO Logistics by 3.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 24,359 shares of the transportation company’s stock valued at $2,231,000 after purchasing an additional 818 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in XPO Logistics by 1.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 53,108 shares of the transportation company’s stock valued at $4,865,000 after purchasing an additional 858 shares during the period.

Get XPO Logistics alerts:

A number of research analysts have issued reports on XPO shares. Citigroup reduced their price objective on shares of XPO Logistics from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, December 26th. Bank of America set a $103.00 target price on shares of XPO Logistics and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus reduced their target price on shares of XPO Logistics from $120.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, January 2nd. Deutsche Bank reaffirmed a “buy” rating on shares of XPO Logistics in a research report on Friday, December 22nd. Finally, Macquarie upped their target price on shares of XPO Logistics from $80.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 27th. Two equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. XPO Logistics currently has an average rating of “Buy” and an average target price of $96.60.

XPO Logistics Inc (NYSE XPO) opened at $103.75 on Friday. The stock has a market cap of $12,498.24, a PE ratio of 53.72, a P/E/G ratio of 1.04 and a beta of 2.41. XPO Logistics Inc has a one year low of $44.51 and a one year high of $106.20. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.20 and a quick ratio of 1.20.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $3.90 billion. XPO Logistics had a net margin of 2.11% and a return on equity of 7.29%. XPO Logistics’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 EPS. analysts expect that XPO Logistics Inc will post 3.42 earnings per share for the current year.

WARNING: “XPO Logistics Inc (XPO) Shares Bought by Vident Investment Advisory LLC” was first posted by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://weekherald.com/2018/03/16/xpo-logistics-inc-xpo-shares-bought-by-vident-investment-advisory-llc.html.

XPO Logistics Company Profile

XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.